Rule of Thumb for Property Insurance for Quick Analysis on Apts?

[David de Luna]

I'm analyzing potential deals on apartments in the 6-30 unit range in TX. Are there some rules of thumb I can use for the property insurance number to use for quick analysis without having to contact an insurance broker?

[Charley C.]

in Texas, for me, in that unit range, say 1.75 mill cost from $5500 to over 12,000 a year all depending on many factors. further you get from the gulf, the cheaper.